Iran Increases Gas Condensates Output

Iran Increases Gas Condensates OutputIran Increases Gas Condensates Output

Gas condensates production from South Pars Gas Complex's Phase 12 has increased by 6.2 million barrels in the first three months of the current Iranian year (started March 20), director of the Gas Complex's ninth refinery said on Monday.

“The skilled workforce of Phase 12 has made serious endeavors to materialize the Resistance Economy's goals,” Gholamreza Bahmannia was also quoted as saying by Shana.

The principles outlined by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei are aimed at bolstering domestic production, curb dependence on oil exports, improve productivity and encourage Iranians to buy domestically-manufactured products.

Underscoring the fact that in the said period, more than 4.8 billion cubic meters of natural gas were processed in the refinery, the official said, “By refining as much as 85 million cubic meters of sweet natural gas last week, the ninth refinery has set a record."

The official said the refinery's granular sulfur output in the last three months has amounted to17,556 tons, expecting the production of quality sulfur as well as other value-added products to rise in the near future.

According to the official, Phase 12 refinery has played a key role in boosting the Persian Gulf state's energy sector, which is among the strategic energy centers of the region.

Stressing that maximizing natural gas refining tops the priority list, Bahmannia noted that plans have been made to raise production level not only in the refinery but also in the whole complex.

According to Masoud Hassani, managing director of South Pars Gas Complex, production of gas condensates from the field has exceeded 17.278 million barrels in the last 10 months.

Mehdi Yousefi, managing director of Pars Special Economic Energy Zone, revealed that in the last 105 days, gas condensate exports from PSEEZ have witnessed a 107% and 57% growth in weight and value respectively.

PSEEZ was established in 1998 in South ýPars and promotes commercial activities in oil, gas and ýpetrochemical industries.

About 100 square kilometers of land at Asalouyeh have been allocated for hosting complexes and facilities such as refineries.

Some 28 refineries and 25 petrochemical complexes are planned to be established in Asalouyeh and 60,000 people work inside the  zone.

Iran is seeking to capitalize on sales of oil products such as petrochemicals and condensates. The main buyers of Iranian gas condensates are the same as its traditional oil customers, namely China, India, South Korea, Turkey, Taiwan and Japan.

The country's gas condensate accounts for almost 30% of the country's total non-oil exports. 

South Pars is the world's largest gas field, shared between Iran and Qatar, covering an area of 3,700 square kilometers of Iran's territorial waters in the Persian Gulf. It adjoins Qatar’s North Field, which measures 6,000 square kilometers. The field has a capacity of producing 820 mcm/d and 1 mcm/d of gas and gas condensates, respectively.